OCBC Bank Stock Code 039.SGX
Outlook
Price, after reaching a high at 12.90 on 20 April 2023, went into a correction. The correction was supported by the Base line and the upper edge of the cloud, keeping the bullish price trend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $12.90 in the next 2-3 weeks.
Strategy
$12.50 Buy
$12.90 Price Target
$12.28 Risk Management Stop
3 weeks Trade Duration
